Did the “80/20 rule” do more harm than good? Forcing insurers to spend a minimum percentage of money on medical care has produced billions in consumer rebates but may have encouraged higher medical spending.
Ten years ago this month, President Barack Obama signed the Affordable Care Act into law, putting Washington bureaucrats at the helm of one of the most deeply personal aspects of our lives: healthcare.
The last time I was able to ask a federal official whether there was a replacement plan was August 2019 and I was told one was coming soon. Seven months and one pandemic later, it’s states and providers that are figuring out ways to keep the uninsured healthy.
The sweeping Affordable Care Act scored some wins on the coverage and cost side, but emergency departments got busier instead of seeing fewer patients. Some experts had anticipated a drop in ED visits due to improved access to preventive care.